Enable Banking, a leading provider of open banking infrastructure, has announced a strategic partnership with Qred Bank, a specialist in fast and flexible financing solutions for entrepreneurs. This collaboration aims to enhance risk assessment, credit decision-making, and payment processes by integrating Enable Banking’s cutting-edge open banking solutions into Qred’s financial ecosystem.
Founded in 2015, Qred operates across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, supporting over 50,000 businesses with flexible financing solutions. The company provides business loans ranging from €5,000 to €500,000, enabling entrepreneurs to scale their operations without the constraints of traditional banking. Qred’s model allows businesses to repay loans early, ensuring they only pay for the financing period they require.
Enable Banking delivers next-generation open banking connectivity, offering access to over 2,500 European banks across 28 countries via a single PSD2-compliant API. As a licensed Account Information Service Provider (AISP), Enable Banking facilitates seamless, secure access to both consumer and business accounts, supporting account-to-account payments and real-time financial data integration.
The partnership strengthens Qred’s credit risk analysis and loan approval processes by incorporating real-time financial data, streamlining underwriting decisions, and enhancing the customer experience. By integrating Enable Banking’s account-to-account payment infrastructure, Qred can further automate payment management, improving operational efficiency and reducing manual processing tasks.
Sarah Häger, Chief Commercial Officer at Enable Banking, emphasized the impact of the collaboration, stating:
“We are excited to partner with Qred in advancing the role of open banking in SME financing. This collaboration showcases how real-time financial data can accelerate decision-making, improve efficiency, and drive innovation in lending. Working with Qred’s forward-thinking team has been a seamless experience, and we are proud to support their mission of empowering entrepreneurs across Europe.”
Emil Sunvisson, CEO of Qred, highlighted the benefits of open banking integration, saying:
“Our partnership with Enable Banking represents another milestone in our commitment to providing fast, flexible, and data-driven financing solutions. Their open banking infrastructure allows us to refine risk analysis, enhance operational efficiency, and deliver a frictionless customer experience. Together, we are empowering small businesses with the tools they need to grow and create new opportunities.”
By leveraging open banking technology, Qred and Enable Banking are redefining SME lending, demonstrating how real-time financial insights, automated processes, and seamless digital transactions can reshape the financial landscape for entrepreneurs across Europe.
